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ASX 200 Extends Declines For Third Session

Published 16/11/2022, 11:33 am
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By Oliver Gray

Investing.com - The S&P/ASX 200 fell 31.3 points or 0.4% to 7,110.3 after the first 90 minutes of trade, extending declines for the third consecutive session as reports of stray Russian missiles killing two people in Poland fueled concerns of further escalation in the region.

ASX 200 Futures were pointing 0.3% lower.

Among stocks, Consumer Discretionary led declines, down 1.2% as Aristocrat Leisure Ltd (ASX:ALL) lost 5.9% after releasing FY2022 results, JB Hi-Fi Ltd (ASX:JBH) lost 0.4%, Domino's Pizza Enterprises Ltd (ASX:DMP) fell 1.2% and Wesfarmers Ltd (ASX:WES) lost 0.2%.

Financials lost 1.2% overall with Macquarie Group Ltd (ASX:MQG) down 1.1%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) falling 0.6%, Commonwealth Bank Of Australia (ASX:CBA) down 2%, National Australia Bank Ltd (ASX:NAB) slipping 1% and Westpac Banking Corp (ASX:WBC) down 0.5%.

Among other reporting companies, Graincorp Ltd (ASX:GNC) fell 2.6%, Nufarm Ltd (ASX:NUF) popped 9.9% and Sizzle Acquisition Corp (NASDAQ:SZZL) eased 0.1%.

On the bond markets, Australia 10-Year rates were at 3.707% while United States 10-Year yield were at 3.788%.

In New Zealand, the NZX 50 added 0.4% to 11,278.4.

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